Hi,
The pixel concept is pretty cool, haven't seen one of these for a very long time

.
Visually, your font size should be increased as I have to strain my eyes to read anything.
You haven't added a
doctype which tells the browser what version of (X)HTML your document is using so it can process your document correctly. The
doctype is the very first thing you declare on your document and does not have a closing tag.
Secondly some of your values have quotation marks and some don't, it's best to be consistent throughout your (X)HTML document.
Code:
<IMG SRC="images/SITEBANMERGE1test_01.gif" WIDTH=800 HEIGHT=132 ALT="story chain banner">
change to
Code:
<IMG SRC="images/SITEBANMERGE1test_01.gif" WIDTH="800" HEIGHT="132" ALT="story chain banner">
In the future, I suggest staying away from iframes. The content within an iframe is not indexed as part of the URL by search engines because the iframe's content is located at a different URL (to my knowledge). This could have a negative effect on
search engine optimization (SEO). Instead you could think about using
PHP includes.
Lastly, if your looking to accommodate user's with 800 x 600 resolution and higher I suggest keeping your sites width at 750px, leaving room for the browser's vertical scroll bar. It's a nice figure as it can be easily divided into 2 and 3 for 2 and 3 column layouts. If your looking to support 1024 x 768 resolutions and higher, I suggest a site width of 960px.
Overall, a great attempt for your first site. Hope some of the above information can help you out. If you need further help feel free to send me a private message
Good luck!
Richard